Retrospective cancellation of charitable registration under section 12AB(4) was unsustainable; related-party benefit allegations did not prove nongenu...
Merger control notice and disclosure rules: Supreme Court limits penalties, rejects reopening of approved combination, and sets aside adverse findings...
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A typographical discrepancy between e-way bill particulars and tax invoices, where goods otherwise correspond with the e-way bill and transport documents, is treated as a human error when it provides no benefit and does not indicate tax avoidance. The notes state that such a minor inadvertent mistake, without intent to deceive the Revenue or financial implications, should attract only the minor penalty under clause 5 of the circular dated 14 September 2018, rather than detention and penalty action under Section 129. The Section 129 penalty order was quashed, with refund of the deposited amount after deduction of the applicable minor penalty.
A typographical discrepancy between e-way bill particulars and tax invoices, where goods otherwise correspond with the e-way bill and transport documents, is treated as a human error when it provides no benefit and does not indicate tax avoidance. The notes state that such a minor inadvertent mistake, without intent to deceive the Revenue or financial implications, should attract only the minor penalty under clause 5 of the circular dated 14 September 2018, rather than detention and penalty action under Section 129. The Section 129 penalty order was quashed, with refund of the deposited amount after deduction of the applicable minor penalty.
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